TGS Commences Multi-Client 3D Seismic Survey Offshore Benin

TGS Commences Multi-Client 3D Seismic Survey Offshore Benin
ASKER, NORWAY -- (Marketwired) -- 12/09/13 -- TGS has commenced
acquisition of a 3D multi-client seismic survey covering 2,022 km2
offshore Benin.
"The BR-13 survey will be TGS' second 3D survey in Benin," commented
Stein Ove Isaksen, Senior Vice President Eastern Hemisphere for TGS.
"The 3D data will build upon current subsurface knowledge and provide
improved imaging of deep Cretaceous and Tertiary strata.
Interpretation of this data will lead to better delineation of oil
and gas prospects over the acreage surveyed as well as a greater
understanding of adjacent areas."
The seismic data is being acquired by the BGP Prospector, with a 10
streamer configuration. Data processing will be performed by TGS
using its proprietary seismic multiple elimination processing
technology, TAME(TM). Final data will be available to clients from Q3
2014.
The survey is supported by industry funding.
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience
data to oil and gas Exploration and Production companies worldwide.
In addition to extensive global geophysical and geological data
libraries that include multi-client seismic data, magnetic and
gravity data, digital well logs, production data and directional
surveys, TGS also offers advanced processing and imaging services,
interpretation products, permanent reservoir monitoring and data
integration solutions.
For more information visit TGS online at
www.tgs.com.
Forward-looking statements and contact information
All statements in
this press release other than statements of historical fact are
forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove
accurate. These factors include TGS' reliance on a cyclical industry
and principal customers, TGS' ability to continue to expand markets
for licensing of data, and TGS' ability to acquire and process data
products at costs commensurate with profitability. Actual results may
differ materially from those expected or projected in the
forward-looking statements. TGS undertakes no responsibility or
obligation to update or alter forward-looking statements for any
reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock
Exchange (OSLO: TGS).
TGS sponsored American Depositary Shares trade on the U.S.
over-the-counter market under the symbol "TGSGY".
For additional information about this press release please contact:
Kristian Johansen
Chief Financial Officer
Tel: +47 47 60 33 34
Email: kristian.johansen@tgs.com
Will Ashby
Director Investor Relations and M&A
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
Stein Ove Isaksen
Senior VP Eastern Hemisphere
Tel: +47 66 76 99 00
Email: SteinOve.Isaksen@tgs.com